Press release
PEEK Market Outlook to 2024 | Top Players Victrex PLC, Solvay S.A., Evonik Industries AG, Saudi Basic Industries Corporation (SABIC), Panjin Zhongrun High Performance Polymers Co. Ltd, Celanese Corporation
PEEK Industry is one of the most popular high performance plastic materials currently on the market. But what makes PEEK such a dynamic material?
PEEK or Polyetheretherketone refers to a semi-crystalline organic polymer thermoplastic exhibiting a highly stable chemical structure. That gives it an edge over other materials. It is a member of the Polyaryletherketone or PAEK polymer group. There are exclusive PEEK properties which make this material find numerous applications in various industries.
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This Global PEEK Market report is a window to the Global PEEK Market which explains what market definition, classifications, applications, engagements, and market trends are. The report also contains the drivers and restraints for the Global PEEK Market that are derived from SWOT analysis and Porter’s Five Forces and shows the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands that are driving the market are by systemic company profiles. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Polyether ether ketone (PEEK) is a semi-crystalline thermoplastic, which is inert and a thermally stable polymer, it has specific properties such as high temperature resistance, hydrolysis resistance, self-lubrication, easy processing, and high mechanical strength. The latest trend in this market is high demand for PEEK in aerospace and automotive industries and demand for PEEK instead of conventional materials. There is growing demand of PEEK for applications such as electrical & electronics, aerospace, automotive, oil & gas, medical, others are the driving for the PEEK market in the forecasted years.
Major Market Competitors: Global PEEK Market
• Victrex PLC,
• Solvay S.A.,
• Evonik Industries AG,
• Saudi Basic Industries Corporation (SABIC),
• Panjin Zhongrun High Performance Polymers Co. Ltd,
• Celanese Corporation, Zyex Ltd,
• Quadrant Epp Surlon India Ltd,
• Prototype & Plastic Mold Co. Inc.,
• Jrlon Inc.,
• J. K. Overseas,
• Darter Plastics Inc.,
• Caledonian Ferguson Timpson Ltd,
• Tri-Mack Plastics Manufacturing Corp.,
• A. Schulman AG
• many more.
Major Market Drivers: Global PEEK Market
• Increasing demand for PEEK in aerospace and automotive industries
• Replacement of conventional materials by PEEK
• Rapid growth in emerging economies coupled with improving economic conditions in developed economies
Market Restraint: Global PEEK Market
• High Price as compared to conventional materials
• Increasing competition from hybrid polymers and composites
Competitive Analysis: Global PEEK Market
The global PEEK market is consolidated due to the presence of a limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Market Segmentation: Global PEEK Market
The PEEK market is segmented on the basis of type into unfilled, carbon filled and glass filled.
On the basis of application, the market is segmented into electrical & electronics, aerospace, automotive, oil & gas, medical and others.
On the basis of geography, the PEEK market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
Table Of Contents : Global PEEK Market
1 Introduction
2 Market Segmentation
3 Market Overview
4 Executive Summary
5 Premium Insights
6 Global PEEK Market, By Type
7 Global PEEK Market, By Tumor Type
8 Global PEEK Market, By Application
9 Global PEEK Market, By End User
10 Global PEEK Market, By Geography
11 Global PEEK Market, Company Landscape
12 Company Profiles
13 Related Reports
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Features mentioned in the report
1. Changing market dynamics of the industry
2. To get a comprehensive overview of the Global PEEK Market.
3. Historical, current and projected market size in terms of volume and value
4. In-depth market segmentation
5. Competitive landscape
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Email: sopan.gedam@databridgemarketresearch.com
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PEEK (Polyaryletheretherketone)
PEEK (Polyaryletheretherketone) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
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